Martinrea International Inc (TSE:MRE) insider Bruce Norman Johnson bought 1,350 shares of the company’s stock in a transaction dated Monday, November 20th. The shares were acquired at an average cost of C$14.98 per share, with a total value of C$20,223.00.

Shares of Martinrea International Inc (MRE) traded down C$0.16 on Wednesday, hitting C$14.91. 205,737 shares of the company were exchanged, compared to its average volume of 245,357. Martinrea International Inc has a 12-month low of C$7.08 and a 12-month high of C$15.20.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Sunday, December 31st will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, December 28th. Martinrea International’s dividend payout ratio is currently 6.56%.

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MRE has been the subject of a number of research reports. BMO Capital Markets raised shares of Martinrea International from a “market perform” rating to an “outperform” rating and upped their price objective for the company from C$11.00 to C$14.00 in a report on Wednesday, August 9th. Scotiabank upped their price objective on shares of Martinrea International from C$15.00 to C$15.50 and gave the company a “sector perform” rating in a report on Wednesday, August 9th. Royal Bank Of Canada upped their price objective on shares of Martinrea International from C$16.00 to C$17.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. CIBC upped their price objective on shares of Martinrea International from C$11.50 to C$15.00 in a report on Thursday, November 16th. Finally, TD Securities upped their price objective on shares of Martinrea International from C$15.00 to C$17.00 in a report on Thursday, November 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Martinrea International has an average rating of “Buy” and an average price target of C$16.50.

About Martinrea International

Martinrea International Inc is a Canada-based company engaged in the development and production of metal parts, assemblies and modules, fluid management systems and complex aluminum products focused primarily on the automotive sector. The Company’s segments are North America, Europe and Rest of the World.

Insider Buying and Selling by Quarter for Martinrea International (TSE:MRE)

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